Philips draws up big plans for mother & child care space
Aug 16 2011 , Mumbai
"Mother and child care is a segment where there is huge market opportunity. We feel this is one of the future areas for us, and we are digging deep to understand this market.
"We intend market leadership in this area," Philips India business Head and Vice-president for consumer lifestyle Anjan Bose told PTI here.
The domestic arm of the Dutch consumer electronic major already sells feeding bottles, teethers, microwave steam sterilisers, pacifiers and small mixers in this segment.
"Mother and child care is an inevitable business to get into. In the next few months you will see a lot of activity. We feel now is the time to grow in that segment. The planning is just underway," Bose added.
The market size of this segment is estimated at around Rs 2,800 crore.
He said the recent 406-million pound acquisition of England-based Avent, which specialises in mother and child care, would be instrumental in company's growth in the segment.
The firm is planning to increase its revenue share from the current 34 per cent to 40 per cent and Bose is expecting a "high double-digit growth" here.
Bose added that the growth in the personal care segment is almost in triple digit. "There is unbelievable growth that is happening in our personal care products. It is a combination of local insights-based solutions supported by innovative campaigns," he said.
The Dutch parent's global revenue stood at 22.3 billion euro in 2010, while Philips India recorded total sales of Rs 3,725 crore in the year, with consumer lifestyle segment contributing to 18 per cent of the revenues.
Bose said the company is bullish on coffee after the acquisition of Italian firm Saeco International in 2009, for USD 242 million, and will introduce Italian coffee in the domestic market.
"We are going into coffee. Coffee to Philips is an experience. You will see us getting active in coffee in the next few months," Bose said, adding that the product could be targeted at coffee retail chains as well as households.
"There are lots of coffee chains here. There are also lots of coffee drinkers at home. There will be a wide range of price. It depends on price range. We are just trying to see how we can approach the market," he said.




















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